When you are looking at listings lately, you may have noticed something new; the Walk Score. The Walk Score indicates how well you can get around an area on foot. The higher the score, the less you would need to depend on a car for your every day needs. One study recently looked at how the Walk Score affected the value of a home. Over all, for a one point increase in the score could raise home values by $500-$3000!
Homes that are located within walking distance to amenities are becoming more and more in demand. Rising gas costs and growing environmental awareness are causing more people to rethink the way they live. Owning a home where you can walk to the corner market is becoming more and more attractive to buyers. This is where the Walk Score comes in. A score of 70 or more usually means you can forgo driving if you want to. With schools, parks, public transportation and shopping nearby, a higher score may mean a home in the area may hold its' value better, according to the study.
Let's take a look at a current listing in Charlotte; 1166 Montford Dr. The walk score for this address is 82. Less than a mile away another beautiful Charlotte home, 970 Blackberry Cir, has a walking score of 43. The score can change drastically by just a few streets. For some, the convenience of having all you need within walking distance is very important. By utilizing the new Walk Score system, you can narrow your search to homes that meet your family's lifestyle.
If you have questions about home values or buying tips for first time homeowners, call Lars Hedenborg! His team can help whether you are ready to walk into your own new home, or sell your current home. He is your local real estate expert for Greater Charlotte!
6842 Morrison Blvd....Charlotte, NC 28211....Phone: 704-236-4120....Fax: 866-228-3325